Mortice Limited announced preliminary earnings results for the twelve months ended March 31, 2018. For the year, the company's revenue increased by approximately 21% to USD 219 million against USD 181 million a year ago. The Indian market has continued to grow strongly, however the UK market has been more difficult which has adversely affected the cost of supplying contracts. Adjusted EBITDA, broadly in line with prior year, of USD 9.5 million against USD 9.6 million a year ago. Adjusted PBT down 15.6% to USD 3.9 million against USD 4.6 million a year ago. Adjusted PAT broadly in line with the prior year of USD 2.7 million against USD 2.7 million a year ago. Net debt was USD 18.4 million against USD 13.5 million a year ago.